also known as Parmesan or queso, this all referring to the scoring of a soccer goal. Yes cheddar can relate to material wealth, but it shouldnt be restricted to that. When saying it in a sentence you need to add a location of the goal, i went upper cheddar on the keeps, or for the other words, upper queso or upper parma. Another way to use it is saying you cheesed the goalie. This refers to a chip shot, while hard to do in real life it is very easy to see done in Fifa 10 by using LB-Y or LB-B.

1-"How did you score your goal?"
2-"Oh I went upper cheddar on the guy"

1-"did you score again?"
2-"yeah I cheesed the keeps and dropped it in the lower left corner"